Faraday Future Intelligent Electric Target of Unusually High Options Trading (NASDAQ:FFAI)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) saw some unusual options trading on Wednesday. Investors bought 16,943 call options on the stock. This represents an increase of approximately 95% compared to the typical daily volume of 8,703 call options.

Faraday Future Intelligent Electric Stock Down 11.0%

NASDAQ:FFAI opened at $1.53 on Friday. The business has a fifty day moving average of $1.16. Faraday Future Intelligent Electric has a 12 month low of $0.83 and a 12 month high of $27.60.

Faraday Future Intelligent Electric (NASDAQ:FFAI) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.14) EPS for the quarter. The business had revenue of $0.32 million for the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Faraday Future Intelligent Electric from a “hold” rating to a “sell” rating in a research report on Friday, May 30th.

About Faraday Future Intelligent Electric

Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States and internationally. The company was founded in 2014 and is headquartered in Gardena, California.